Singapore Myanmar Investco divests TPR telco assets for US$8m

Singapore Myanmar Investco (SMI), through its indirect subsidiary TPR Myanmar, is selling all of TPR’s telecommunications towers and tower leases in Myanmar for US$8 million. The buyer is Irrawaddy Green Towers and its parent company Irrawaddy Towers Asset Holding. This comes as SMI looks to focus its efforts on “less capital intensive and potentially better […]

Singapore Myanmar Investco signs deal to develop The Coffee Bean & Tea Leaf brand in Myanmar

MAINBOARD-listed Singapore Myanmar Investco (SMI) announced on Monday that it has secured an exclusive deal to set up and develop The Coffee Bean & Tea Leaf (CBTL) brand in Myanmar, expanding its arrangement with the coffee chain. Under the agreement, SMI will expand the CBTL brand across Myanmar, with the first CBTL outlet opening under […]

Singapore Myanmar Investco invest in retail outlet at Yangon International Airport

A subsidiary of Singapore Myanmar Investco (SMI) has entered into deals to provide services to retail outlets at a new terminal at Yangon International Airport. SMI Retail will provide merchandising, management and consultancy services to distribution partner Royal Golden Sky Company (RGS) for 6,725 sq m of duty-free retail space, SMI said in a statement. […]